Elon Musk, CEO of Tesla, has expressed concerns about the U.S. government's growing debt and called it a "financial emergency." He has also been actively supporting Donald Trump's campaign to become the "crypto president" and has endorsed Bitcoin. The price of Bitcoin has surged this year, along with gold, due to fears over the increasing debt and inflation. Paul Tudor Jones, a billionaire investor, has also warned about inflation and expressed bullishness towards Bitcoin and gold. The U.S. national debt has reached over $34 trillion, and Bank of America analysts predict it could reach $36 trillion by the end of 2024.
- Content Editor ( forbes.com )
- 2024-10-27
Tesla Billionaire Elon Musk Declares ‘Financial Emergency’ As $35.7 Trillion ‘Debt Bomb’ Primes A Bitcoin Price Boom To Rival Gold